Pinnacle Wealth Management Advisory Group LLC Grows Position in Rockwell Automation, Inc. $ROK

Pinnacle Wealth Management Advisory Group LLC grew its position in Rockwell Automation, Inc. (NYSE:ROK) by 188.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,180 shares of the industrial products company’s stock after acquiring an additional 1,424 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Rockwell Automation were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ROK. Castle Rock Wealth Management LLC increased its position in Rockwell Automation by 2.2% in the second quarter. Castle Rock Wealth Management LLC now owns 1,038 shares of the industrial products company’s stock worth $501,000 after purchasing an additional 22 shares during the last quarter. Richards Merrill & Peterson Inc. grew its stake in shares of Rockwell Automation by 1.9% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,358 shares of the industrial products company’s stock worth $487,000 after buying an additional 25 shares in the last quarter. Cidel Asset Management Inc. grew its stake in shares of Rockwell Automation by 4.6% in the 1st quarter. Cidel Asset Management Inc. now owns 574 shares of the industrial products company’s stock worth $206,000 after buying an additional 25 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Rockwell Automation by 0.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,719 shares of the industrial products company’s stock worth $1,544,000 after buying an additional 27 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of Rockwell Automation by 1.9% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,412 shares of the industrial products company’s stock worth $549,000 after buying an additional 27 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on ROK shares. Morgan Stanley increased their price target on shares of Rockwell Automation from $525.00 to $545.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Citigroup reduced their price objective on Rockwell Automation from $555.00 to $536.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Robert W. Baird set a $514.00 price objective on Rockwell Automation in a research report on Wednesday, August 5th. DA Davidson lowered their price objective on Rockwell Automation from $500.00 to $490.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. Finally, Zacks Research downgraded Rockwell Automation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and a consensus target price of $469.14.

Insiders Place Their Bets

In other Rockwell Automation news, Director Patricia A. Watson sold 1,100 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $431.43, for a total value of $474,573.00. Following the transaction, the director owned 6,385 shares of the company’s stock, valued at $2,754,680.55. This represents a 14.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 400 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $420.14, for a total value of $168,056.00. Following the completion of the sale, the senior vice president owned 867 shares in the company, valued at approximately $364,261.38. The trade was a 31.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 2,711 shares of company stock valued at $1,164,880. Corporate insiders own 0.76% of the company’s stock.

Rockwell Automation Stock Performance

Shares of NYSE:ROK opened at $426.73 on Thursday. The company has a market capitalization of $47.39 billion, a price-to-earnings ratio of 39.99, a PEG ratio of 2.50 and a beta of 1.52. Rockwell Automation, Inc. has a 12 month low of $332.71 and a 12 month high of $497.36. The firm’s 50-day moving average is $450.53 and its 200 day moving average is $429.20. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.

Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.11. Rockwell Automation had a net margin of 13.39% and a return on equity of 39.83%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company posted $2.82 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Rockwell Automation has set its FY 2026 guidance at 13.000-13.300 EPS. Research analysts predict that Rockwell Automation, Inc. will post 13.23 EPS for the current year.

Rockwell Automation declared that its board has approved a share buyback program on Tuesday, June 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

About Rockwell Automation

Rockwell Automation, Inc (NYSE: ROK) is a global provider of industrial automation and digital transformation technologies. The company helps manufacturers and other industrial organizations improve productivity, safety, quality and operational efficiency by connecting control systems, equipment, software and data across production environments.

Its portfolio includes programmable logic controllers, industrial computers, sensors, motor control and drives, motion-control systems, safety equipment, human-machine interfaces and industrial networking technologies.